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3 practical ways you could reduce your tax bill in retirement
The number of retirees who could face an Income Tax bill is expected to rise. If your total income could exceed tax thresholds, there might be some steps you can take to reduce your tax bill. The Personal Allowance is the amount of income you can receive before you...
4 excellent reasons you may want to boost your ISA now
If you haven’t used your ISA allowance for the 2023/24 tax year, it could be wise to review your options over the next few weeks before the 2024/25 tax year starts. Read on to discover some of the reasons why an ISA could make sense for you. Government statistics show...
How a financial plan could alleviate your inflation worries
The uncertainty of how the cost of living will change during your lifetime can make long-term planning difficult. After all, how can you be certain how your expenses will change in 20 years or more? If you’re worried about the effect of inflation on your security, a...
3 insightful research findings that could help you navigate your “second 50”
A report suggests that life after 50 will be radically different for those who have recently celebrated the milestone or are nearing it when compared to previous generations, and it could have implications for your financial plan. The research from Aegon looks at how...
What you need to know about taking your pension tax-free lump sum in 2024/25
Taking a tax-free lump sum from your pension could be a fantastic way to kickstart your retirement plans. If it’s something you’re thinking about, it’s important to consider the long-term implications and understand how much you could withdraw from your pension before...
How to prepare if you’ll be applying for a mortgage in 2024
Do you plan to apply for a mortgage in 2024? Taking proactive steps to prepare your application now could make securing a mortgage less stressful and may even help you access a competitive deal. Over the last two years, mortgage holders have faced some challenges, so...
The families of 6 in 10 over-75s could face challenges if they lose mental capacity
A survey suggests more than half of people aged over 75 haven’t arranged a Lasting Power of Attorney (LPA). It’s an oversight that could mean their families may not be able to make decisions on their behalf if they lost mental capacity. MoneyAge report that research...
Did you use the Help-to-Buy scheme? Inflation could affect your repayments
Aspiring homeowners who used the Help-to-Buy equity loan scheme to get on the property ladder could face an unexpected rise in their interest payments due to inflation. According to the government, the Help-to-Buy scheme helped more than 375,000 aspiring homeowners...
Falling affordability means first-time buyers are increasingly relying on family support
Research suggests more first-time buyers are relying on family support as affordability continues to fall. If loved ones decide they may be able to help you get on the property ladder, the process could be difficult to navigate. Read on to discover some steps that...
How much life insurance will provide your family with security?
Life insurance could ensure your family’s security if you pass away. It may be an important part of your financial plan and could provide peace of mind. Understanding the potential payout your family would need could help you choose an appropriate level of cover. If...
Don’t overlook trusts, they could be a useful way to pass on wealth
Trusts may be a useful way to pass on wealth, but research suggests it’s an option some people are dismissing. You can place a variety of assets in a trust, from investment to property, for the benefit of another person, known as the “beneficiary”. The trust is then...
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